Berkadia has provided $352 million of Freddie Mac financing against the 394-unit Lake Village Apartments in Lake Orion, Mich, a northern suburb of Detroit The 10-year loan allowed the property’s owner, Fenton Management Co of Farmington Hills,...
Marcus & Millichap Capital Corp has arranged $85 million of financing for the construction of a 140-unit apartment property at 55 North La Cienega Blvd in Beverly Hills, Calif The four-year loan was provided by a national bank on behalf of the...
Commercial Real Estate Direct Staff Report Square Deal Investment Management has tapped JLL to secure financing against Indianapolis’ Salesforce Tower, a 11 million-square-foot office property The building backs a $108 million CMBS loan that...
A total of 35 CMBS loans with a balance of $271 billion were transferred to special servicers last month But they worked out $149 billion of loans during that time, so the net increase in special servicing volumes was $122...
Commercial Real Estate Direct Staff Report A venture of Cohen & Steers Income Opportunities REIT Inc and Phillips Edison & Co has paid $5385 million, or $20280/sf, for the 265,530-square-foot Oracle Crossings retail property just north of...
San Antonio Business Journal Scenic Capital Advisors has lined up $368 million of financing for its acquisition of the 367-rpp, Marriott San Antonio Airport hotel Frost Bank provided the loan Scenic Capital, of Austin, Texas, purchased the property...
Commercial Real Estate Direct Staff Report Argentic Real Estate Finance has provided $67 million of senior financing against the Westroads Mall in Omaha, Neb The loan, along with a $12 million mezzanine loan funded by Principal Life Insurance Co,...
Multi-Housing News Affinius Capital has provided $120 million of financing against the 302-unit Elowen apartment property in San Diego JLL arranged the debt on behalf of the local developer and owner, AAA Management The property was developed with...
The securitized world has $11 trillion of mortgages against multifamily properties An overwhelming majority were originated by government-sponsored enterprises, with a relatively tiny portion by CMBS lenders The latter have higher delinquency rates,...
Northwestern Mutual has provided $123 million of financing against the Anson, a 268-unit apartment property in Burlingame, Calif, a southern suburb of San Francisco The five-year loan was arranged by Marcus & Millichap’s Institutional...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
